Search Results for: Fed
Chinese shares higher on back of global rebound
August 27th, 2015
Chinese shares have closed 5% higher after massive losses there earlier in the week rocked markets around the globe. The Shanghai Composite was up by 156.3 points to 3,083.59. But the turnaround does little to make up for the ...
Ex-Merrill Lynch Broker Ordered to Pay Restitution for Insider Trading
August 26th, 2015
Scheme used offshore brokerage account to make trades based on Qualcomm inside information A former Merrill Lynch broker was ordered to pay $1.4 million in restitution to the brokerage on Tuesday for his role in an insider-trading scheme involving ...
SEC Charges Former Investment Bank Analyst and Two Others With Insider Trading in Advance of Client Deals
August 26th, 2015
The Securities and Exchange Commission today charged a former investment bank analyst with illegally tipping his close friend with confidential information about clients involved in impending mergers and acquisitions of technology companies. The SEC also charged his friend and ...
UAE’s introduction of VAT will bolster the country’s global competitiveness
August 25th, 2015
The announcement of the planned introduction of a federal value-added tax (VAT) and a corporate tax in the UAE has stimulated a lot of discussion on what this means for the country and its residents. I have a slightly different view ...
Dow plunges after rollercoaster trading on ‘Black Monday’ for global markets
August 25th, 2015
Dow’s 586-point drop puts it on track for its worst month since February 2009 as White House seeks to reassure investors that US economy can withstand volatility Hundreds of billions of dollars were wiped off global stocks on Monday ...
Bundesbank: growth in the German economy could continue
August 24th, 2015
Following robust growth in the first two quarters of 2015, the Bundesbank‘s economists expect the German economy to continue its positive development.“The conditions are currently in place for fairly solid economic growth in the second half of 2015, fuelled ...
U.S. banks moved billions in trades beyond CFTC’s reach
August 24th, 2015
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris ...
Oil Price Collapse Triggers Currency Crisis In Emerging Markets
August 24th, 2015
Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks. The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole ...
Global Selloff Deepens as Stocks Sink With Oil
August 24th, 2015
Equity investors took flight across Asia, sending the region’s benchmark stock gauge toward a bear market and Chinese stocks plunging by the most since 2007 as U.S. futures tumbled. Ten-year Treasury yields dropped below 2 percent. China’s Shanghai Composite ...
China chooses her weapons
August 22nd, 2015
China’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the ...
